Mastercard
As one of the largest card organizations in the world, Mastercard dominates the European co-branded credit card market. Mastercard also dominates many other national markets such as Austria, Brazil, Canada, Colombia, Benelux, Germany, Hungary, and Venezuela.
Properties
The properties of the Mastercard are shown in the following table:
Availability | Acquirer | 2C2P HK | 2C2P SG |
Acquiring region | HK | SG | |
User region | Global | Global | |
Product features | Payment type | CARD | CARD |
Card brand | Mastercard | Mastercard | |
Payment flow | Redirect | Redirect | |
Payment completion | Real-time | Real-time | |
Currency | Supported currencies | See the tables below | |
Settlement currency | |||
Other | Settlement region | HK | SG |
Settlement cycle | T+4 | T+3 | |
3D | ✔️ | ✔️ | |
Authorization validity period | 7 days | 7 days | |
Minimum transaction amount | The smallest unit of the acquirer currency | The smallest unit of the acquirer currency | |
Max transaction amount | 499,999 USD or equal amounts | 499,999 USD or equal amounts | |
Cashier Payment | ✔️ | ✔️ | |
Auto Debit | ❌ | ❌ | |
Multiple partial captures | ❌ | ❌ | |
Partial capture | ✔️ | ✔️ | |
Overdraft capture | ❌ | ❌ | |
Refunds | ✔️ | ✔️ | |
Partial refunds | ✔️ | ✔️ | |
Chargeback | ✔️ | ✔️ | |
Refund period | 365 days | 365 days | |
Installment | ❌ | ❌ | |
Currencies for 2C2P HK
Acquiring currency | Settlement currency | Settlement entity | Acquiring bank of the card |
HKD, USD, GBP, EUR, JPY, SGD, MOP | HKD | 2C2P HK | AEON |
Note: If the merchant's total payment volume exceeds 1 million USD per card association / acquiring bank of the card, the merchant must sign a tri-party agreement with 2C2P HK and the acquiring bank of the card.
Currencies for 2C2P SG
Acquiring currency | Settlement currency | Settlement entity | Acquiring bank of the card |
AUD, CAD, CHF, CNY, EUR, GBP, HKD, IDR, INR, JPY, KRW, LKR, MOP, MYR, NZD, PHP, SGD, THB, TWD, VND | SGD | 2C2P SG | UOB |
AUD, CAD, CHF, CNY, EUR, GBP, HKD, IDR, INR, JPY, KRW, LKR, MOP, MYR, NZD, PHP, SGD, THB, TWD, USD, VND | USD | 2C2P SG | UOB |
HKD | HKD | 2C2P SG | UOB |
AUD | AUD | 2C2P SG | MayBank |
CAD | CAD | 2C2P SG | MayBank |
EUR | EUR | 2C2P SG | MayBank |
GBP | GBP | 2C2P SG | MayBank |
HKD | HKD | 2C2P SG | MayBank |
NZD | NZD | 2C2P SG | MayBank |
SGD | SGD | 2C2P SG | MayBank |
USD | USD | 2C2P SG | MayBank |
Note: Acquiring banks support different currencies. 2C2P recommends acquiring banks to the merchant according to the merchant's needs. Each merchant in Singapore must sign the tri-party agreement with 2C2P SG and the acquiring bank.
User experience for 2C2P HK/SG
This section describes the user experience of 2C2P HK/SG in different scenarios:
Merchant is PCI-qualified (first-time card binding)
The following screenshots show the payment journey of the first-time card binding on an app:
Figure 1. Payment process for an app (first-time card binding)
The following screenshots show the payment journey of the first-time card binding on a WEB page:
Figure 2. Payment process for a WEB page (first-time card binding)
Merchant is PCI-qualified (pay with an existing card)
The following screenshots show the journey of paying with an existing card on an app:
Figure 3. Payment process for an app (pay with an existing card)
The following screenshots show the journey of paying with an existing card on a WEB page:
Figure 4. Payment process for a WEB page (pay with an existing card)
Merchant is not PCI-qualified and does not use card binding
The following screenshots show the journey of paying without binding a card on an app:
Figure 5. Payment process for an app (without binding a card)
The following screenshots show the journey of paying without binding a card on a WEB page:
Figure 6. Payment process for a WEB page (without binding a card)
Merchant is not PCI-qualified, 2C2P provides card binding ability (first-time card binding)
The following screenshots show the payment journey of the first-time card binding on an app:
Figure 7. Payment process for an app (first-time card binding)
The following screenshots show the payment journey of the first-time card binding on a WEB page:
Figure 8. Payment process for a WEB page (first-time card binding)
Merchant is not PCI-qualified, 2C2P provides card binding ability (pay with an existing card)
The following screenshots show the journey of paying with an existing card on an app:
Figure 9. Payment process for an app (pay with an existing card)
The following screenshots show the journey of paying with an existing card on a WEB page:
Figure 10. Payment process for a WEB page (pay with an existing card)